Virtuous innovation or obfuscation? product innovation in the variable annuities market
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<dc:creator>Jing, Xiaochen</dc:creator>
<dc:creator>Bauer, Daniel</dc:creator>
<dc:creator>Leverty, J. Tyler</dc:creator>
<dc:creator>American Risk and Insurance Association</dc:creator>
<dc:date>2025-11-17</dc:date>
<dc:description xml:lang="es">The article examines how innovation in variable annuities evolves, distinguishing between virtuous innovations that enhance consumers' financial protection and obfuscating ones that add complexity without clear benefit. Using text analysis and theoretical models, the authors show that new products start simple but become more complex as competition increases. They also find that insurers facing higher cost constraints tend to offer more complex, higher-priced products and are less likely to lead innovation. Overall, the study concludes that both beneficial innovations and strategies exploiting less-informed consumers coexist in this market</dc:description>
<dc:identifier>https://documentacion.fundacionmapfre.org/documentacion/publico/es/bib/189582.do</dc:identifier>
<dc:language>eng</dc:language>
<dc:rights xml:lang="es">InC - http://rightsstatements.org/vocab/InC/1.0/</dc:rights>
<dc:subject xml:lang="es">Innovación aseguradora</dc:subject>
<dc:subject xml:lang="es">Mercado de seguros</dc:subject>
<dc:subject xml:lang="es">Diseño de productos</dc:subject>
<dc:type xml:lang="es">Artículos y capítulos</dc:type>
<dc:title xml:lang="es">Virtuous innovation or obfuscation? product innovation in the variable annuities market</dc:title>
<dc:relation xml:lang="es">En: The Journal of risk and insurance. - Nueva York : The American Risk and Insurance Association, 1964- = ISSN 0022-4367. - 17/11/2025 Volumen 92 Número 4 - noviembre 2025 , p. 978 - 1012</dc:relation>
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